Limited hiring expected in 2nd quarter: Manpower

Florida employers expect to hire at a rapid pace between April and June, according to a quarterly forecast by staffing company ManpowerGroup.

ManpowerGroup said the net hiring outlook of the engineering/construction sector and the retail/wholesale sector stood at 26 percent, ahead of the transportation/warehousing/communications sector's 21 percent and the leisure/food/hospitality sector's 17 percent. Meanwhile, the weakest Outlook is reported by Manufacturing sector employers, standing at +9%. Hiring intentions improve in five of the 10 industry sectors when compared with the previous quarter.

The report says that Finance, Insurance, and Real Estate sector have the strongest outlook (+32 percent), citing the New Southbound Policy and the foothold Taiwanese banks have made in Southeast Asian countries as a major reason for the sector's strong hiring outlook.

Mr Fischer also said that despite softening in key sectors the outlook overall is strong and continues to be positive for hopes of wage increases in the coming quarters.

Employers in all four regions expect to increase payrolls during the next three months. Employers in Wholesale & Retail Trade report some of the most optimistic hiring plans in more than 16 years as online retail continues to grow and the increase in distribution workers is expected to rise. The strongest hiring prospects are reported in two regions with Net Employment Outlooks of +17% - the North and the South. "It is also a decrease of three percentage points compared with the Outlook report during the same time previous year, indicating a slow hiring period for the upcoming months".

Employers in the categories of transportation and utilities don't expect any workforce changes. Hiring plans weaken in Free State and Western Cape when compared with this time one year ago, with outlooks declining by seven and two percentage points, respectively. However, employers in the East report an improvement of 8 percentage points.

The latest data paints a picture of significant differences in hiring expectations across the country, both on a sector-by-sector basis and when compared regionally.

Taiwan's hiring outlook for the second quarter of this year is the most optimistic in the Asia-Pacific region, with the financial/insurance sector showing the strongest willingness to boost its workforce, US -based human resources advisory firm ManpowerGroup said Tuesday.

Those are the findings from a survey conducted by workforce analysts at ManpowerGroup. 59,000 public and private employers across 44 countries and territories are interviewed to measure anticipated employment trends each quarter.

The hiring outlook is not as good as the national average where the net employment outlook is 14 per cent.

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